XTCC and Carbonmark have announced a strategic partnership aimed at democratising and scaling the carbon credit market.
XTCC, a firm noted for creating tradable financial instruments linked to high-integrity carbon credits, joins forces with Carbonmark, a prominent global climate platform that facilitates the buying, selling, and retiring of carbon credits.
This collaboration seeks to enhance the integrity and efficiency of the Voluntary Carbon Market (VCM). Their goal is to make carbon credits more transparent, accessible, and scalable, targeting a wide audience that includes corporates, carbon brokers, commodity traders, and individuals.
Carbonmark operates a blockchain-based platform that offers a robust infrastructure for the carbon credit market. This includes digital solutions for transparent pricing, real-time supply availability, and instant transaction settlements, accompanied by comprehensive data insights.
XTCC CEO Seth Elliott said, “”Partnering with Carbonmark aligns with our mission to improve the quality and commercial value of carbon credits.
“Carbonmark’s platform provides the ideal infrastructure for expanding carbon market access to more organisations, trading firms and individuals. Together, we aim to create a more inclusive and transparent marketplace that empowers organisations and individuals to contribute more effectively to the fight against climate change.”
Carbonmark Director Drew Bonneau commented, “We look forward to working together with XTCC to drive financing to high impact carbon projects globally. Recent integrations with EcoRegistry, ICR and PuroEarth provide a strong foundation for XTCC clients to build diverse carbon portfolios, with access to blue carbon, renewable energy, biochar and novel carbon removal technologies through Carbonmark’s platform. Our partnership will further accelerate momentum in the market and drive critical financing to high impact carbon mitigation and removal projects.”
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